Boat Buying: Boat Ownership Costs – Digital

Have you been trying to get an answer to the question, “How much does it cost to buy, own and maintain a boat?” Once and for all you can finally discover an honest answer by using these budgeting and forecasting checklists.

Avoid missing key costs that have the potential to make or break your budget (and the fulfilment of your dream)

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You don’t know what you don’t know. And that’s the biggest problem with buying, maintaining and sailing a boat. Most of us full-time cruisers look back realizing we were not fully aware of all the boat ownership costs.

Financial costs include the one-off costs associated with buying and preparing the boat to sail. There are also routine costs such as repairs, maintenance, berthing fees and so forth.

As for the on-going costs, there seems to be an unwritten (or hidden) rule of thumb…

The rule is that newbies fork out a massive amount of money the first year or two of sailing. Usually, by year three they hit a sweet spot of acceptable costs. This rule goes for new boat owners and used alike.

Not wanting to sound negative about the boat buying process, but the majority of boat owners spend an exceedingly massive amount of money UNNECESSARILY. And that’s present company included. Like I mentioned above, you don’t know what you don’t know and that causes big mistakes.